Want to see ACKAY full AI Analyst Report?
Arcelik (ACKAY) AI Stock Analysis
Arcelik
(Other OTC:ACKAY)
The score is primarily weighed down by weak financial quality: net losses, rising leverage, and negative operating/free cash flow. Technicals reinforce the risk with a strong downtrend (price below all key moving averages) and negative MACD, while valuation is difficult to assess due to a negative P/E and no dividend yield data.
Arcelik (ACKAY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $943.70M
- Dividend Yield
- ―
- Average Volume (3M)
- 1,010
- Price to Earnings (P/E)
- -6.9
- Beta (1Y)
- 0.27
- Revenue Growth
- -3.55%
- EPS Growth
- -443.78%
- Country
- US
- Employees
- 53,401
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Furnishings, Fixtures & Appliances
Arcelik Business Overview & Revenue Model
Company Description
Arçelik Anonim Sirketi, together with its affiliated companies, is engaged in the manufacturing, promotion, distribution, sales, after-sales support, import, and export of consumer durable goods and electronic devices, serving both the Turkish market...
Arcelik Earnings Call Summary
The earnings call highlighted substantial international revenue growth and recovery signs in key European markets, driven by inorganic growth and cost management strategies. However, these positives were overshadowed by significant challenges, including declining gross margins, increased financial expenses, a recorded net loss, and rising leverage. Despite some market recoveries, the financial pressures and operational costs presented a challenging quarter.
Q3-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the Q3 2024 earnings call for Arcelik, the company provided guidance indicating revised expectations for the full year. They anticipate a flat performance in local sales due to stagnant demand but foresee a 50% year-on-year increase in international revenues in euro terms, driven by inorganic growth. The adjusted EBITDA margin is projected to be between 5.8% and 6% for the full year. Additionally, Arcelik expects an improvement in the net working capital over sales ratio, updating the guidance to approximately 20%. The company also revised its CapEx guidance from EUR 350 million to EUR 400 million, factoring in costs related to maintenance, integration, and restructuring. With ongoing synergies and cost savings from recent acquisitions, Arcelik remains optimistic about achieving these targets, despite current leverage standing at 4.3%.
Arcelik Financial Statement Overview
Summary
Despite very strong revenue growth and fairly stable gross margins (~26%–30%), profitability has deteriorated into net losses (2025 and TTM). Balance sheet risk is elevated with sharply rising leverage (debt-to-equity ~3.35 in 2025 and ~3.97 in TTM), and cash flow quality is weak with negative TTM operating cash flow and consistently negative free cash flow.
Income Statement
44NeutralBalance Sheet
28NegativeCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 624.16B | 568.57B | 428.55B | 257.10B | 133.92B | 68.18B |
| Gross Profit | 167.42B | 148.78B | 118.10B | 75.38B | 39.49B | 20.48B |
| EBITDA | 42.32B | 53.92B | 36.25B | 28.20B | 11.65B | 7.55B |
| Net Income | -6.54B | -9.07B | 1.69B | 7.67B | 4.32B | 3.06B |
Balance Sheet | ||||||
| Total Assets | 617.23B | 543.25B | 397.73B | 258.14B | 132.24B | 85.08B |
| Cash, Cash Equivalents and Short-Term Investments | 70.08B | 97.78B | 50.82B | 48.79B | 24.53B | 16.01B |
| Total Debt | 288.22B | 235.90B | 138.04B | 101.91B | 51.44B | 32.58B |
| Total Liabilities | 541.24B | 467.39B | 322.66B | 198.57B | 105.14B | 64.02B |
| Stockholders Equity | 72.56B | 70.35B | 67.17B | 53.17B | 24.95B | 19.38B |
Cash Flow | ||||||
| Free Cash Flow | -34.18B | -16.23B | -9.41B | -22.43B | -811.47M | -3.14B |
| Operating Cash Flow | -15.55B | 3.60B | 14.39B | -8.64B | 5.10B | -627.45M |
| Investing Cash Flow | -24.29B | -29.05B | -14.72B | -14.41B | -4.62B | -4.38B |
| Financing Cash Flow | 25.93B | 53.96B | 1.06B | 31.54B | 4.07B | 4.80B |
Arcelik Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACKAY, the sentiment is Negative. The current price of 6.80 is below the 20-day moving average (MA) of 7.61, below the 50-day MA of 8.58, and below the 200-day MA of 11.16, indicating a bearish trend. The MACD of -0.48 indicates Positive momentum. The RSI at 24.80 is Positive, neither overbought nor oversold. The STOCH value of 14.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACKAY.
Arcelik Peers Comparison
Overall Rating
SN85Outperform
HBB79Outperform
VIOT69Neutral
WHR45Neutral- ACKAY41Neutral
ATER33Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SN | 85Outperform | $29.30B | 42.19 | 26.01% | ― | 17.49% | 33.42% |
| HBB | 79Outperform | $436.47M | 7.62 | 30.70% | 1.51% | -3.33% | 80.91% |
| VIOT | 69Neutral | $85.73M | -32.48 | -1.51% | ― | -36.90% | -103.68% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| WHR | 45Neutral | $1.97B | -13.93 | -3.47% | 14.86% | -6.48% | 37.11% |
| ACKAY | 41Neutral | $919.55M | -6.88 | -8.85% | ― | -3.55% | -443.78% |
| ATER | 33Underperform | $196.72M | -0.38 | -112.36% | ― | -60.10% | -15.00% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| ACKAY | Arcelik A.S. Unsponsored ADR | 6.80 | -6.64 | -49.38% | |
| WHR | Whirlpool Corporation | 29.94 | -39.18 | -56.68% | |
| HBB | Hamilton Beach Brands Company | 32.47 | 19.04 | 141.72% | |
| VIOT | Viomi Technology Co | 1.30 | -1.47 | -53.03% | |
| ATER | Aterian, Inc. | 0.76 | -0.18 | -19.38% | |
| SN | SharkNinja, Inc. | 208.00 | 122.70 | 143.85% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 29, 2026